Icahn argues Amazon could derail Cigna Express Scripts deal
Activist investor Carl Icahn calls for rejecting Cigna's 54 billion takeover of Express Scripts citing Amazon's online pharmacy push as a major threat to PBMs. He says Cigna overpays and Express Scripts faces existential risk while noting potential partnerships or a new PBM as alternatives.
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Katzenberg's NewTV attracts $1B in backing
Jeff Katzenberg's NewTV project draws a formal $1 billion funding round led by WndrCo with top Hollywood studios and Alibaba among investors. Meg Whitman named CEO to steer the mobile video venture aimed at bite sized content under 10 minutes, slated to launch by Christmas 2019.
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Shrinking Dow boosts stocks as buybacks lift markets
The Dow's buyback boom reduces shares outstanding, lifting stock prices. Bespoke Investment Group notes the Dow's shares have fallen 15 percent since 2008, from 85.5 million to 72.8 million, with Apple among leaders. Investors see reduced supply boosting value.
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Real Time Market Action From Real Time Markets
Real time market action coverage from Markets.usatoday.com provides ongoing updates on stock movements indices and commodities. It highlights notable gains losses and notable trades across major exchanges with quick summaries for investors.
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